'Vulture funds insult, threaten Argentina'

The ad was published in the official website of Argentina''s Economy Ministry.

Argentina’s dispute against holdout creditors suing the country over its defaulted bonds has reached international media once more now that the federal government published an ad at several foreign newspapers warning “facts show" vulture funds are "vultures.”

The Kirchnerite administration has moved fast to respond to a media campaign launched by the American Task Force Argentina (ATFA) group in the United States which the government affirms is bein funded by same creditors litigating against the South American nation.

“In a new display of their modus operandi, the vulture funds publicly insult and threaten Argentina. Their goal: to blackmail the country in order to make a profit of over 1600% at the expense of the well-being of the Argentine people,” the document reads.

Entitled “Vulture funds: Facts show that it is no myth that they are vultures,” the text aims at exposing an alleged campaign by the ATFA group.

“In order to win over the US public opinion, the vulture funds have been funding a group called American Task Force Argentina(ATFA; truly a US Task force against Argentina), which has spent the last few years slandering the country before the eyes of Washington. The vulture funds have also dedicated recent years to fund the campaign of US politicians.”

Both in Spanish and English, the version of Argentina’s new ad was published in the official website of the Economy Ministry (mecon.gov.ar) today, ratifying the country's "negotiating capacity” and renewing its condemnation of US Court Judge Thomas Griesa’s ruling ordering it to pay vulture funds in full – around 1.3 billion dollars that could plunge Argentineans into default.

The Cristina Fernández de Kirchner administration first took its anti-vulture funds position to media spotlight earlier this month in an advertisement published in both American and European newspapers. “Argentina wants to continue paying its debts but they won’t let it,” the full-page advert then read.